NASDAQ$MRAM
Everspin Technologies Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Revenue was in line with guidance and EPS exceeded guidance.
Everspin Technologies reported third-quarter revenue in line with guidance and GAAP net income per diluted share ahead of guidance, driven by new contract wins and cost containment efforts. The company remains focused on scaling its business and converting additional design wins to revenue.
- Total revenue was $12.1 million, compared to $16.5 million in the third quarter of 2023.
- MRAM product sales were $10.4 million, compared to $13.5 million in the third quarter of 2023.
- Licensing, royalty, patent, and other revenue was $1.7 million, compared to $2.9 million in the third quarter of 2023.
- GAAP net income was $2.3 million, or $0.10 per diluted share, compared to net income of $2.4 million, or $0.11 per diluted share, in the third quarter of 2023.
Headline financials
Revenue & EPS history
Everspin · Revenue · Quarterly
$12.1M
Revenue by segment
Everspin · $11.8M total across 2 segments · Q2 2021
- Product Sales$10.2M-6.8%86.0%
- Licensing and Other$1.66M+84.8%14.0%
Forward guidance
For the fourth quarter 2024, Everspin expects total revenue in a range of $12 million to $13 million and GAAP net income per diluted share to be between $0.00 and $0.05.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+0.1%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+5.8%
Avg return
30 days after
39%
15 / 38 earnings
Positive
+62.7%
Q3 2021
Best reaction
-25.8%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.5% | +47.0% | +106.8% | |
| Q4 2025 | -15.5% | -15.2% | -12.1% | |
| Q3 2025 | -18.0% | -12.7% | -17.7% | |
| Q1 2025 | +11.7% | +7.4% | +5.8% | |
| Q4 2024 | -1.4% | -3.3% | -10.7% | |
| Q3 2024 | -7.6% | -13.2% | -8.2% | |
| Q2 2024 | -2.4% | -10.7% | -9.9% | |
| Q1 2024 | -12.3% | -15.8% | -19.7% | |
| Q4 2023 | -11.2% | -7.1% | -13.2% | |
| Q3 2023 | -13.5% | -8.7% | -7.2% | |
| Q2 2023 | +4.2% | +6.1% | +4.9% | |
| Q1 2023 | +7.6% | +10.5% | +29.7% | |
| Q4 2022 | +0.3% | -1.6% | -1.3% | |
| Q3 2022 | -14.1% | -7.4% | -3.0% | |
| Q2 2022 | +41.9% | +38.6% | +10.8% | |
| Q1 2022 | -10.4% | -9.9% | -11.0% | |
| Q4 2021 | -9.1% | -13.1% | -12.5% | |
| Q3 2021 | +62.7% | +101.7% | +65.5% | |
| Q2 2021 | +3.4% | -2.7% | +20.0% | |
| Q1 2021 | +5.2% | +3.6% | +22.0% | |
| Q4 2020 | -4.9% | -2.3% | +4.0% | |
| Q3 2020 | -21.7% | -21.9% | -32.4% | |
| Q2 2020 | -25.8% | -39.5% | -38.9% | |
| Q1 2020 | +52.8% | +78.3% | +119.8% | |
| Q4 2019 | +13.3% | +15.1% | +16.4% | |
| Q3 2019 | -6.6% | -6.5% | -15.5% | |
| Q2 2019 | -1.7% | +5.7% | +11.6% | |
| Q1 2019 | -0.8% | -9.6% | -21.3% | |
| Q4 2018 | -2.3% | -5.7% | +0.0% | |
| Q3 2018 | +1.6% | +1.4% | -16.2% | |
| Q2 2018 | -12.5% | -16.4% | -15.8% | |
| Q1 2018 | +20.8% | +19.1% | +11.4% | |
| Q4 2017 | -14.7% | -12.7% | -12.1% | |
| Q3 2017 | -9.7% | -12.8% | -23.9% | |
| Q2 2017 | -19.5% | -18.0% | -11.6% | |
| Q1 2017 | +11.5% | +2.5% | +100.0% | |
| Q4 2016 | -3.3% | -14.0% | -1.0% | |
| Q3 2016 | +1.6% | +5.9% | +6.6% | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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